Defense Contractor

Govini founder Eric Gillespie was arrested in Pennsylvania, facing felony charges for allegedly soliciting child sexual abuse. He reportedly communicated with an undercover agent posing as a father and advised using encrypted messaging apps like Signal and Session. The complaint details disturbing exchanges and images. Gillespie’s lawyer denies the charges, suggesting a consensual fantasy possibly involving AI. Govini terminated Gillespie, but his past influence is debated. The Pentagon is investigating potential security implications for the defense contractor, which holds significant government contracts. The case raises concerns about digital forensics, due diligence, and Govini’s future.

Elbit Systems Ltd. announced an upgrade of its long-term credit rating to “ilAA+” by S&P Global Ratings Maalot, citing strong operating performance and a record high backlog due to geopolitical tensions. The company’s short-term rating was reaffirmed. Elbit reported $1.9 billion in revenue and a $23.1 billion order backlog as of March 31, 2025.